SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Hammock M Hill

(Last)

(First)

(Middle)

C/O TAYLOR CAPITAL GROUP, INC.

9550 WEST HIGGINS ROAD

(Street)

ROSEMONT

60018

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
TAYLOR CAPITAL GROUP INC [ TAYC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
06/15/2012

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	06/15/2012		C		6,672	A	$9.88	98,966	I	By Trustee⁽¹⁾
Common Stock								18,509	I	by Trustee⁽²⁾
Common Stock								5,650⁽³⁾	D
Common Stock								944	D
Common Stock								23,342	I	by Foundation⁽⁴⁾
Common Stock								146,710	I	by IRA⁽⁵⁾

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Stock Purchase Warrant (right to buy Common Stock)	$9.88	06/15/2012		C			22,500	03/29/2009	09/29/2013	Common Stock	22,500⁽⁶⁾	$0	0	I	By Trust⁽¹⁾

Explanation of Responses:

1. Shares held indirectly by M. Hill Hammock as Trustee, for M. Hill Hammock Jr. Living Trust.

2. Shares held indirectly by M. Hill Hammock as Trustee, for Cheryl W. Hammock Living Trust.

3. Represents a grant of restricted stock, 50% of which vested on August 13, 2011 and an additional 25% will vest on each of August 13, 2012 and 2013.

4. Held by the Chilanta Community Foundation, of which M. Hill Hammock is the Treasurer.

5. by IRA for self

6. Pursuant to the existing terms of this stock purchase warrant, the Issuer exercised its option to cause the conversion of the warrant, on a cashless basis, for the number of shares of Common Stock reported on this Form 4 as acquired by the Reporting Person upon conversion of the warrant. As a result of such cashless conversion of the warrant, the Reporting Person's rights under the warrant were limited solely to the right to receive upon surrender of the warrant certificate the net number of shares reported as acquired in Table I hereof, and the Reporting Person's exercise rights to acquire any additional shares under the warrant were extinguished.

	/s/ Randall T. Conte, Attorney in Fact	06/19/2012
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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